ACER decides on common rules for cross-border participation in electricity capacity mechanisms 22.12.2020
Section 1 Body Html
The European Union Agency for the Cooperation of Energy Regulators (ACER) has adopted a Decision on the common rules for cross-border participation in capacity mechanisms. These rules enable electricity providers to contribute directly to resource adequacy in other EU Member States, thus improving security of electricity supply while decreasing costs for consumers.
Mandated by the Clean Energy Package, these rules foster the integration and harmonisation of the internal energy market, allowing the sharing of electricity resources across European countries in the most efficient manner, regardless of their location.
ACER’s first 70% target report on the minimum margin available for cross-zonal electricity trade in the EU 18.12.2020
Section 1 Left Image
What is the minimum 70% cross-zonal electricity capacity target?
Europe s Clean Energy Package (CEP) has set a binding minimum 70% target for electricity interconnector capacity for cross-zonal trading (the “minimum 70% target ).
Why is monitoring the minimum 70% Target important?
The lack of sufficient cross-zonal capacity is one of the main barriers to the integration of electricity markets, and market integration is key to deliver on Europe s energy goals. The CEP established a clear rule – namely a minimum capacity margin available for cross-zonal trade (MACZT), the minimum 70% target , to be met by all Transmission System Operators (TSOs). The more interconnector capacity that is made available for cross-zonal trade, the more trading that can occur.
ACERâs â70% Target Reportâ Finds That Member States Have Much More To Do To Reach The EUâs Minimum 70% Interconnector Capacity Margin Available For Cross-Zonal Electricity Trading Date
18/12/2020
Europe’s Clean Energy Package (CEP) has set a binding minimum 70% target for electricity interconnector capacity for cross-zonal trading (the “minimum 70% target”).
Why is this 70% target important?
The lack of sufficient cross-zonal capacity is one of the main barriers to the integration of electricity markets, and market integration is key to deliver on Europe’s energy goals. The more interconnector capacity that is made available by Transmission System Operators (TSOs) for cross-zonal trade, the more trading that can occur.
Sneak Peek: ACER s Findings On How Member States Are Doing On The 70% Target For Electricity Cross-Zonal Trading Date
16/12/2020
Europe’s Clean Energy Package has set a binding minimum 70% target for electricity interconnector capacity for cross-zonal trading.
The more interconnector capacity that is made available by Transmission System Operators (TSOs) for cross-zonal trade, the more trading that can occur.
Maximising the cross-zonal capacity offered to the market is key for Europe’s internal electricity market.
How are Member States doing?
Sneak Peek of ACER’s findings for the first half of 2020:
Member States still have work to do to get closer to the binding mimimum 70% target
In January 2021, the European Commission’s Renewable Energy Financing Mechanism (“the
Mechanism”) will come into effect. The Commission has established the Mechanism, which is a new means of financing renewable energy projects in EU Member States, as part of the Clean Energy Package.
The Mechanism has two objectives:
to support Member States in achieving their renewable energy generation targets in a cost-effective way. In this respect, the Mechanism could provide a further boost to the deployment of renewable technologies – in particular offshore wind and solar – in Member States where their deployment is most cost-effective.
to reduce cost of capital where this is a barrier to investment in renewable energy investment by having grants awarded under the Mechanism be allocated in accordance with an “enabling” objective. This could support projects involving innovative technologies.